Casumina to raise capital to over VNĐ1 trillion

Southern Rubber Industry JSC, or Casumina (CSM), planned to issue 29.6 million bonus shares to increase its charter capital as of yesterday.

The shares worth VND10,000 (US$0.43) each will be issued to shareholders. After the issuance, HCM City-based Casumina would have another VND296 billion in charter capital, which will rise in value to over VND1 trillion.

The firm's largest shareholder, Viet Nam National Chemical Group (Vinachem), which now owns over 51 per cent of stakes, will have another 15.1 million shares. At the current VND32,700, Vinachem will get nearly VND500 billion.

Established in 1976, CSM is now among the leading producers of rubber tyre products in Viet Nam. It earns 63 per cent of revenue from local trading and 25 per cent from exporting for the regional and international market.

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>   NFC: Notice of record date for bonus share issue to outstanding shareholders (03/06/2016)

>   DNP: Result of the bond issue in 2016 (03/06/2016)

>   NFC: Report on the issuance to increase share capital from equity (01/06/2016)

>   TBD: Share issuance for increasing share capital from owner\u2019s equity (01/06/2016)

>   SWC: Change in shareholding of principal shareholder (MB Capital JSC) (01/06/2016)

>   HDM: Approval of documents on share issue to the public; commitment to registration for additionally issued shares (01/06/2016)

>   HDM: Board resolution on share issue under ESOP (01/06/2016)

>   Change in charter capital (30/05/2016)

>   NFC: Report on the issuance to increase share capital from equity (27/05/2016)

>   THT: Notice of record date for Dividend payment in cash and Bonus share issue to outstanding shareholders (27/05/2016)